{"product_id":"productivity-and-the-bonus-culture-9780198836117","title":"Productivity and the Bonus Culture","description":"Living standards in the UK and US are in danger of falling. A decline in growth due to poor productivity and an unfavourable change in demography has weakened the stand of liberal democracy, and voter dissatisfaction is encouraging populist policies that threaten even worse outcomes. Whilst\u003cbr\u003eliving standards once grew faster than productivity they now grow more slowly, and the working population is no longer growing faster than the population as a whole. To avoid falling living standards the productivity problem must be addressed. \u003cp\u003e\u003c\/p\u003eAndrew Smithers argues that faster productivity does not depend, as many suggest, on technology; it also relies on investment. Current growth theory is based on a faulty model which has induced pessimism about our ability to encourage more growth. \u003cem\u003eProductivity and the Bonus Culture\u003c\/em\u003e sets out a\u003cbr\u003erevised model which demonstrates that weakness in productivity is the result of the bonus culture, and suggests ways to change this flawed system so that investment is encouraged and growth returns.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Andrew Smithers\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/11\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 192\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.00lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.10w x 0.80d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780198836117\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 01\/01\/2020\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAndrew Smithers \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eAndrew Smithers is the founder of economic consultancy Smithers \u0026amp; Co. He is the author of \u003cem\u003eValuing Wall Street: Protecting Wealth in Turbulent Markets\u003c\/em\u003e, \u003cem\u003eThe Road to Recovery: How Economic Policy Must Change\u003c\/em\u003e, and \u003cem\u003eWall Street Revalued: Imperfect Markets and Inept Central Bankers\u003c\/em\u003e. He is a former columnist for the London Evening Standard, and has also written columns and blogs for The Times and the Financial Times.\u003cbr\u003e\u003cbr\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":39932117319795,"sku":"9.78E+12","price":37.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_19aec8bf-0eb4-4872-b4ef-145aa2cc32c4.jpg?v=1647790478","url":"https:\/\/bookstorenmore.com\/en-de\/products\/productivity-and-the-bonus-culture-9780198836117","provider":"Bookstore N More","version":"1.0","type":"link"}